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WTO and Intellectual Property Rights (IPR) including TRIPS Agreement, patents, copyrights, compulsory licensing, and enforcement mechanisms. Important for UPSC Economics and competitive exams.

The TRIPS Agreement and Intellectual Property Rights (IPR)

The subject of Intellectual Property Rights (IPR) within the World Trade Organization (WTO) framework is a crucial aspect for students preparing for international trade and law exams. Introduced at the insistence of major developed countries, the Agreement on TRIPS provides a comprehensive framework for protecting IPR in seven key areas. Understanding the patent and copyright provisions, alongside their implications for innovation and consumer balance, is essential for grasping the global trade dynamics and legal enforcement mechanisms.

The TRIPS Agreement and Protection of Intellectual Property Rights (IPR) under the WTO Framework

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